Commodities (Crude Oil & Copper) & Macro Outlook

According to two sources, the first liquefied natural gas production line at Qatar's North Field East expansion project is ready for operation, with first production expected to begin in November.

UBS raised its December crude oil price forecast by $5 per barrel on October 7, predicting Brent crude will reach $100 per barrel and WTI crude will reach $96 per barrel by year-end.

Trump administration policies including tariffs and military conflicts have driven inflation that is impacting AI-related stocks through rising interest rates. Energy and commodity price increases stemming from conflicts in oil-producing regions and tariff disputes with allies including Europe have

According to Guru Club, Brent crude oil rose over 1% intraday on October 7, trading at $101.18 per barrel.

According to the financial investment industry, Hyundai Securities established a dedicated CFD (contract for difference) task force under its planning office in July and began recruiting specialized personnel in August and September. The company is examining the feasibility of launching CFD

According to FinanceFeeds, WTI crude oil rebounded from the 87.00 support level on October 7, with analysts expecting further upside toward the 94.50 resistance level. The bounce occurred near key support including the daily up channel trendline from July and the 38.2% Fibonacci retracement of the u

According to Iran's state media Fars News, an advisor to Iran's Revolutionary Guard said on October 7 that the country will soon blockade 'illegal' shipping routes in the Strait of Hormuz.

According to reports as of October 7, Canadian Prime Minister Mark Carney's government designated a new west-coast oil pipeline as a 'National Interest Project' last week, expediting infrastructure and energy sector reviews. The designation grants conditional pre-approval, allowing Carney to

According to BlockBeats, on October 7, President Trump signed an executive order to temporarily permit tax-exempt red-dyed diesel—originally used in agriculture and mining—to enter the road transportation market. The move aims to reduce logistics costs by lowering fuel taxes for truckers. Current

According to Reuters and Agence France-Presse, U.S. Secretary of State Marco Rubio said on October 7 during a visit to Athens that Iran has completely lost control of the Strait of Hormuz. Rubio stated that Iran's economy is in "complete freefall" and that the strait remains open with oil

Barchart has added more than 1,500 Fastmarkets benchmark assessments covering metals, mining, and freight to its cmdtyView platform and streaming services. The expanded data offering places physical-market prices beside Barchart's London Metal Exchange and CME futures and options coverage. The

According to Uanalyze, U.S. stock index futures remained stable on Wednesday, October 7, with gains concentrated in megacap technology stocks including Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta, and Tesla. The Dow futures fell 0.2%, S&P 500 futures held flat, and Nasdaq futures

Japanese stocks declined on October 7 as profit-taking emerged following the previous session's gains, with the Nikkei 225 falling 648.27 points (0.92%) to close at 70,035.71 and the TOPIX dropping 29.45 points (0.70%) to 4,154.11. Selling concentrated in artificial intelligence and semiconductor-re

According to Jin10, Qatar gathered at least 12 empty LNG tankers in the Persian Gulf on October 7, with combined capacity of approximately 1.1 million tons—about 2% of the global LNG fleet's total capacity. The move suggests preparations to increase exports through the Strait of Hormuz. However,

According to the Financial Services Commission, Geumyang and six executives received 9.15 billion Korean won in fines on October 7 for accounting violations. The company was fined 7.63 billion won while the six executives received 1.52 billion won. Violations included recording 10.3 billion won in f

According to Eamonn Sheridan, a storm forming in the Gulf of Mexico is expected to become the first Atlantic hurricane of 2026 within two days and may impact oil and gas facilities. The affected offshore

According to Jin10 Data, EUR/CAD fell for the third consecutive trading session on October 7, hovering near 1.5920 as Brent crude surged past $100 per barrel amid escalating Middle East tensions. Although German September industrial production exceeded forecasts—rising 2% month-on-month and 2.3%

Korean government bond yields rose across short- and medium-term maturities on the 7th as international oil prices rebounded and US Treasury yields climbed again. The 3-year Korea Treasury Bond (KTB) yield closed at 3.961%, up 2.8 basis points (bp) from the previous trading day, while the 10-year yi

Korean government bond yields rose on the 7th, led by medium-term maturities, as international oil prices rebounded slightly and US Treasury yields climbed again. The 3-year Korean government bond yield closed at 3.961%, up 2.8 basis points from the previous trading day, according to the Seoul bond

According to LME data, lead orders at the London Metal Exchange increased by 8,625 tons, marking the largest rise since mid-July.